The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"                     USAPonzi                                      by John W. White   Mar 29, 2013

Whistleblower Letter to the U.S. Supreme Court!
May 27, 2016  

                                                    Whistleblower Letter to
    
The Supreme Court of the United States of America


To: Chief Justice John G. Roberts, Jr.

      Associate Justice Anthony M. Kennedy
      Associate Justice Clarence Thomas
      Associate Justice Samuel Anthony Alito, Jr.
      Associate Justice Sonia Sotomayor
      Associate Justice Elena Kagan
      Associate Justice Ruth Bader Ginsburg
      Associate Justice Stephen G. Breyer


     Supreme Court of the United States of America 
     1 First St NE

     Washington, DC 20543


The U.S. Government is giving infinite counterfeit wealth to the U.S. Upper Class!


The fiscal policy of the U.S. Government is corrupt and fraudulent. This fiscal policy is a classic Ponzi scheme that I have named USAPonzi. This Ponzi scheme is produced because the U.S. Government is using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles). As a result, the U.S. Government is operating with a dramatically unbalanced budget as shown by the GAAP Deficit of $5.77 Trillion in the following table.

 

National Debt 
$19.3 Trillion 
Cash Deficit in FY2016 
$0.50 Trillion 
GAAP Deficit in FY2016 
$5.77 Trillion 
Unfunded Future Liabilities 
$82.9 Trillion 
US Unfunded Liabilities (GAAP) 
 $102.2 Trillion 
Imaginary-Counterfeit Money 
$102.2 Trillion 

             Source: www.usdebtclock.org May 27, 2016


Because the U.S. Government is not operating with GAAP Accounting, it is not assessing and collecting sufficient tax revenue to adequately fund the future liabilities for the veteran benefits, pensions, and social benefits promises that the U.S. Government has made. These Unfunded Future Liabilities now total $82.9 Trillion.


Therefore, this Ponzi scheme has accumulated total US Unfunded Liabilities (GAAP basis), including the National Debt, of $102.2 Trillion and has introduced an equivalent amount of imaginary-counterfeit money into the global economy and financial system with this unreported, but real, GAAP basis deficit spending.


The current taxpayers gain $102.2 Trillion of counterfeit wealth because they don't have to pay these taxes, the U.S. Government imagines that the future taxpayers can pay these taxes, but they obviously cannot pay $102.2 Trillion so this apparent wealth gain is just imaginary-counterfeit money. (The Theory of Imaginary Money  is explained in Chapter 2 of my book "USAPonzi").


This Ponzi scheme fiscal policy has also dramatically overpaid the social benefit recipients, the U.S. Government employees, and the Government related businesses increasing our National Debt to $19.3 Trillion.


The undertaxing of the U.S. upper class citizens and businesses by $102.2 Trillion is what has caused the "Wealth Gap" to expand. Is it any wonder that the 1% club is doing quite well! The U.S. upper class is simply and fraudulently getting richer and richer with imaginary-counterfeit money because of a dramatically unbalanced U.S. Government budget.


This Ponzi scheme has significantly favored Americans and within America has dramatically favored the U.S. ruling class and has colossally favored the U.S. upper class. A windfall gift to the U.S. upper class of $102.2 Trillion of imaginary-counterfeit money (over the last 47 years) has to be considered colossal favoritism.


This Ponzi scheme fiscal policy has also dramatically and artificially stimulated the U.S. and global economy with this GAAP basis deficit spending. The implosion of USAPonzi will cause a dramatic discontinuity in the global economy that will lead to a global depression that could be even more severe than "The Great Depression".


USAPonzi is deferring massive and ever increasing liabilities to the future taxpayers to dramatically and artificially improve the lifestyle of current Americans and to dramatically and artificially increase the wealth of the U.S. upper class with imaginary-counterfeit money borrowed/stolen from future Americans.


USAPonzi, if it is allowed to continue, will simply transfer an infinite amount of imaginary-counterfeit money from the future U.S. taxpayers to the U.S. upper class while devastating future Americans!


This problem can only be equitably resolved by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.


In order to create a level economic playing field throughout the planet, the U.S. Government must eliminate this fraud and corruption.


You can learn more about this fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi" which is available on Amazon and also on my website in PDF format.


I am enclosing a copy of my book "USAPonzi" (update E1L April 29, 2016) with this letter.


This is the biggest ($102.2 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!


John W. White
Plano, TX
jwwhite38@outlook.com